APPLICATION PROCESS

SLADF funding will be awarded through competitions. The selection process is done in two stages:

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Concept Note Stage

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Business Plan stage

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Contracting

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Disbursements

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Mandatory Reporting

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Monitoring and Evaluation

The first stage involves the submission of a Project Concept Note (PCN), which is a summary of your proposed business idea. The PCN template as well as Guidance Notes will be available on the SLADF website upon the launch of a new competition. Applicants are expected to register on the website in order to access the template.

  • Concept Note Assessment: The first stage is submission of an initial application form where the applicants write about their business ideas and about their company on a template provided. The Fund Manager (FM) then assesses all the eligible concept notes.

  • Pre-Selected Concept Note Assessment By Independent Assessment Panel: After the initial assessment by the FM, an independent Panel also assesses the applications, before this are submitted to the Project Coordination Unit and the Fund Advisory Committee for review and approval

  • Fund Advisory Committee (FAC) Approval: The FAC also reviews and approves the shortlisted concept notes.

The second stage involves the submission of a detailed business plan as well as financial and development impact projections. Organisational Assessment Visits: SLADF engages with and visits the shortlisted applicants to understand their business model and innovations better and to carry out an organisational assessment of the applicant’s business.

  • Selection by Independent Assessment Panel: Final Business Plans are presented to an independent Assessment Panel.

  • Approval by the Fund Advisory Committee and World Bank No Objection: the FAC then ratifies the shortlisted applications, and the World Bank’s No –Objection is also sought before final grants are awarded.

  • Induction Process: Successful businesses are invited for an Induction Workshop where post-award processes such as progress reporting are made clear to the company prior to contracting.

The contracting phase is rigorous and formalises obligations and deliverables committed to by the grantee so as to meet all contracting terms and inform disbursement of funds.

Disbursements are actualised by following disbursement schedules agreed to at the time of contracting, and are dependent on key deliverables being met at each stage of the project

Grantees must self-report semi-annually. They can however choose to report quarterly if they need funds disbursed.

Monitoring and evaluation visits to the projects semi-annually or quarterly, to assess technical and financial progress.